LRC Reports

The Buyer’s Lien: A New Consumer Remedy (1987)

Keywords: buyers lien; property; consumer; creditor; sale; goods; buyer; seller; credit; purchase money; purchase-money; lien; merchant; insolvency; bankruptcy; receivership; remedy

A seller of consumer goods will often receive payment before the goods are delivered to the buyer. If the seller becomes insolvent and fails to deliver those goods, the buyer usually has very little legal protection. This project looks at the possibility of improving the rights of the buyer in this situation by creating a new consumer remedy called a “buyer’s lien.”

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